German economy could shrink by as much as 20% this year due to coronavirus - Ifo

BERLIN (Reuters) - German business morale tumbled in March to its lowest level since 2009, a survey showed on Wednesday, with an Ifo institute economist saying Europe's largest economy could contract by as much as 20% this year due to the impact of the coronavirus.The Ifo institute said final results from its March survey showed that its business climate index slumped to 86.1 from 96.0 in February."This is the steepest fall recorded since German reunification and the lowest value since July..